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compared to a $63 billion deficit in september last year. the swing due to some accounting items mainly. the biggest, a shift in $60 billion in some government benefit payments from september to august because of some holidays and timing issues. the administration is projecting an end to trillion dollar deficits for this fiscal year, 2013. which deban october 1st. in its last budget forecast a projected deficit of 2013, of just 991 billion. ashley: four years of a budget deficit top ad trillion dollars. that is remarkable. peter barnes, thank you. liz: came down a little. ashley: come on. liz: silver lining. ashley: we'll take it. up next, a look at stories you need to keep an eye on next week. liz: plus 99 cents only stores looking to move into some pretty expensive territory. better known for luxury shops like gucci, prada, louis vuitton. will they even let them in? we'll tell you where, stay tuned. ♪ ashley: let's go off the desk. mitt romney's call to end funding to pbs continues to ruffle some feathers. did you know big bird is part o
compared to a $63 billion deficit in september last year. the swing due to some accounting items mainly. the biggest, a shift in $60 billion in some government benefit payments from september to august because of some holidays and timing issues. the administration is projecting an end to trillion dollar deficits for this fiscal year, 2013. which deban october 1st. in its last budget forecast a projected deficit of 2013, of just 991 billion. ashley: four years of a budget deficit top ad trillion...
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Oct 12, 2012
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turning to the deficit the numbers are in the 2012 budget deficit is actually slightly better than expected. it was only 1.1 dollars, versus $1.1 trillion deficit. what a deal! it is a trillion dollars for every year president obama has been in office. we'll crunch the number to see what they mean for the average taxpayer. we have gretchen hamel from public notice. thanks for coming back on the program. it is a staggering number. not as horrible as it could have been. how would you characterize it? >> i think it is pretty bad. 42 out of the 4 months the president has been in office he has run a deficit. i think when we're $16 trillion in debt it has an effect on the economy. even most economists say when the debt is greater than 90% of the gdp you start to see a slowing. right now our debt is over 100% of our gdp. melissa: break down why you see the slowing. i think when we talk about these numbers to the average person it sounds like monopoly money. it is such a huge number you could never break it back. if you break it down, 3500 per person. 3468 to be exact. during the time president oba
turning to the deficit the numbers are in the 2012 budget deficit is actually slightly better than expected. it was only 1.1 dollars, versus $1.1 trillion deficit. what a deal! it is a trillion dollars for every year president obama has been in office. we'll crunch the number to see what they mean for the average taxpayer. we have gretchen hamel from public notice. thanks for coming back on the program. it is a staggering number. not as horrible as it could have been. how would you characterize...
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Oct 12, 2012
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the fy-2012 deficit was $1.89 trillion, $207 billion less than the 2011 deficit. the 2012 deficit came in lower than previously forecasted as the treasury department and omb. $121 billion less than forecasted at the mid session review. as a percentage of gdp, says treasury and omb, the fy-2012 deficit was 7% down from 8.7% in fy-2011. the reduction from last year was due to higher receipts and lower outlays resulting in part from a stronger economy. also, a statement from treasury secretary tim geithner accompanying the release of these budget details. quote, the president has put forward a balanced proposal to further strengthen the economy and reduce the country's future deficits. it's time for congress to act on those necessary steps to it help sustain economic growth for years to come. of course, to add the fuel to the budget and deficit debate, fiscal cliff, and obviously ahead of next week's all-important debate between president obama and mitt romney. back to you guys. >> it's going to be fodder for our next conversation, i'm thinking. >> absolutely. right
the fy-2012 deficit was $1.89 trillion, $207 billion less than the 2011 deficit. the 2012 deficit came in lower than previously forecasted as the treasury department and omb. $121 billion less than forecasted at the mid session review. as a percentage of gdp, says treasury and omb, the fy-2012 deficit was 7% down from 8.7% in fy-2011. the reduction from last year was due to higher receipts and lower outlays resulting in part from a stronger economy. also, a statement from treasury secretary tim...
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Oct 12, 2012
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washington has run four straight years of trillion dollar deficit he has not cut the deficit in half of the was an office the gap between the revenue it took in 2.5 trillion of taxes but spent 3.5 trillion it is now going to hit the limit before the year is out. the each of $51,000. debt ceiling debate anybody? look at those numbers. of the nobel peace prize has done it again. none other than the european union. despite the debt crisis and poor fostering peace and democracy. joining me now is john browne he believes they do not deserve the award. we also have the opposing view. richard, i will read the review of the european union for over six decades continue to the event apiece and reconciliation and human-rights in europe. why do you think they chose the e.u.? >> first, you and i are young but if you look back 70 years they only had the balkans war. europe has been saved and pay it -- peaceful. is a little aspiration all. that the european union do more. >> should you have the economies that were also? >> piece was insured by nato and the deterrent combined with the united kingdom
washington has run four straight years of trillion dollar deficit he has not cut the deficit in half of the was an office the gap between the revenue it took in 2.5 trillion of taxes but spent 3.5 trillion it is now going to hit the limit before the year is out. the each of $51,000. debt ceiling debate anybody? look at those numbers. of the nobel peace prize has done it again. none other than the european union. despite the debt crisis and poor fostering peace and democracy. joining me now is...
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Oct 12, 2012
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we need large deficits to support profits until the private sector starts to contribute a little bit more on the investment side particularly housing. so in effect, we're in a transition politically, the europeans are making some decisions on spain, and greece and in china they've got a party handover so all around the world the fiscal's in somewhat of a disarray because of the power structure in politics and the monetary authorities are fighting hard to keep the house in order. >> barry my traders are chomping at the bit. steve weiss g at it. we'll go around the horn. >> i used to follow your work when you were in the industrial space and you did great work there. you know more than most strategists what goes on with the underlying companies. having said that, and what's going on with china, how likely does it have to be more china to come in with easing and for europe to put their pains behind them in the form of a bailout with spain in order to get to your target? is that required? >> if you look at year-to-date just since the june 1 rally began, energy is in the lead since june 1
we need large deficits to support profits until the private sector starts to contribute a little bit more on the investment side particularly housing. so in effect, we're in a transition politically, the europeans are making some decisions on spain, and greece and in china they've got a party handover so all around the world the fiscal's in somewhat of a disarray because of the power structure in politics and the monetary authorities are fighting hard to keep the house in order. >> barry...
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., reducing oil dependency and balance much trade deficit. melissa: all you've done is talking points. you haven't answer ad single question. we're out of time. could you anticipates one of the questions. >> melissa, here is the facts. the facts are, more people are going back to work. the unemployment rate is 7.8%. this is looking very much like 1984 and ronald reagan. unemployment down, people back to work. melissa: thanks for coming on the show. we appreciate your time. >> my pleasure. melissa: so there is big divide in the jobs data today, as we're discussing household survey shows total employment surged 873,000, but payroll says only 114,000 people went back to work. even jack welch said it, hard to reconcile these numbers. he tweeted, unbelievable jobs numbers. these chicago guys will do anything. can't debate so they change the numbers. that is harsh criticism. here with me is economist peter morici. which also have gary burtless, senior fellow? [no audio. what do you think. what a difference between the two surveys. peter, start with
., reducing oil dependency and balance much trade deficit. melissa: all you've done is talking points. you haven't answer ad single question. we're out of time. could you anticipates one of the questions. >> melissa, here is the facts. the facts are, more people are going back to work. the unemployment rate is 7.8%. this is looking very much like 1984 and ronald reagan. unemployment down, people back to work. melissa: thanks for coming on the show. we appreciate your time. >> my...
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the trade deficit's falling. they're diversifying away from europe. david: okay. that is, alec, i have to push you along, talk about grain of salt, i always take russia with a big grain of salt. frankly corruption problems, government getting involved in business always turn me off to russia you say they do well in the fourth quarter finally? >> they have as well, going back 20 years, russia averaged 3 1/2% monthly gain in the october, november, december time frame. that is versus 1.9% average gain for the broader emerging market space. on a seasonal basis russia has been very strong. although again people shouldn't just look at seasonals when making these decisions. david: alec young, great advice. from s&p captial iq. good to see you again. appreciate it. >> great. liz: always good to have alec. so engaged. he knows what he is talking about. one of these women is being named the sexiest woman alive. we'll tell you who when we go "off the desk.". oh where am i? david: you're there. you're there. plus one company bucking the trend, bringing manufacturing back to t
the trade deficit's falling. they're diversifying away from europe. david: okay. that is, alec, i have to push you along, talk about grain of salt, i always take russia with a big grain of salt. frankly corruption problems, government getting involved in business always turn me off to russia you say they do well in the fourth quarter finally? >> they have as well, going back 20 years, russia averaged 3 1/2% monthly gain in the october, november, december time frame. that is versus 1.9%...
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Oct 7, 2012
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you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you said it in 2010, you said, i am going to extend the tax policies i have. i am not going to raise taxes because when the economy's slow and we are in recession, you shouldn't raise taxes on anyone. the economy is still slow. as a matter of fact, it's growing more slowly now than when you made that statement. if you believe the same thing, you don't want to raise taxes on people. the reality is, it is not just donald trump you are taxing. it is all those businesses that employ one-quarter of the work fwherz america. these small businesses that are taxed as individuals. you
you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you...
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i will not put in place a deficit thdea tax that adds to the deficit. my plan is not to put in place any tax cut that will add to the deficit. >> we want to look at the facts here, again. mitt romney has not laid out specifics for how he would pay for his tax cut. he says it's by reducing deductions and closing loopholes, but he hasn't said which or how many. so, the verdict here is simply incomplete. we just don't know. >> that was john burrman reporting there for us. one way, though, is that romney has said that he would actually pay for this reduced revenue is by capping itemized deductions, but still so few specifics. i mean, he floated the idea of capping deductions at 17,000 and then floated the idea of capping them at 25,000 or 50,000. don't voters deserve to know and need to know what it is going to be at this point? >> i think he's going to have to give more specifics, certainly. a debate may not be the best platform to give specifics because the answers are supposed to be short and, frankly, randi, he was able to get away with not giving many
i will not put in place a deficit thdea tax that adds to the deficit. my plan is not to put in place any tax cut that will add to the deficit. >> we want to look at the facts here, again. mitt romney has not laid out specifics for how he would pay for his tax cut. he says it's by reducing deductions and closing loopholes, but he hasn't said which or how many. so, the verdict here is simply incomplete. we just don't know. >> that was john burrman reporting there for us. one way,...
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we have a $1 trillion deficit as far as the eye can see. hopefully democrats will be willing to give something on entitlement reform and republicans will be able to compromise on some of their issues as well. but this is not easy. this is not easy at all. that's why i think we all ought to give the gang of eight the widest possible latitude to come up with some type of a bipartisan compromise, but it won't be easy. >> handicap it, both of you. are we going to solve the fiscal cliff before we get to january 1? >> i think president obama holds all the cards here because basically if congress does nothing, the bush tax cuts are going to expire completely. and by the way, that would solve many of our fiscal problems over the next decade. let's remember, those bush tax cuts were meant to be temporary. temporary. >> you'd have to get rid of them for every single income level. >> i was just looking at percentage. >> we cannot afford them now. >> so you would raise taxes on the middle class as well? >> realistically, i think those bush tax cuts hav
we have a $1 trillion deficit as far as the eye can see. hopefully democrats will be willing to give something on entitlement reform and republicans will be able to compromise on some of their issues as well. but this is not easy. this is not easy at all. that's why i think we all ought to give the gang of eight the widest possible latitude to come up with some type of a bipartisan compromise, but it won't be easy. >> handicap it, both of you. are we going to solve the fiscal cliff before...
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Oct 11, 2012
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the trade deficit widened so even if the employer numbers were good there are too many other factors that hampered growth. dave: the labor department says there is an accumulation of claims that a likely submitted over a period of several weeks but not processed until the return to the quarter. apparently the state in question, this is the state that supposedly underreported -- tallying for this week, we should see some sort of catch up. is this going to eventually balance out? are we going to see this playing with numbers until election day? >> it is easy to have conspiracy theories here. i am not about to do that. even going back to the payroll number, when you look at the payroll number, you saw it was a weak number internally mostly due to temporary workers. that was the reason for the drop in the unemployment rate. the labor situation in my mind despite the better than expected number today which is questionable and the payroll number, the labor situation is not much better at all. liz: investors are dying for somebody to tell what to do. what is your best investment idea with a
the trade deficit widened so even if the employer numbers were good there are too many other factors that hampered growth. dave: the labor department says there is an accumulation of claims that a likely submitted over a period of several weeks but not processed until the return to the quarter. apparently the state in question, this is the state that supposedly underreported -- tallying for this week, we should see some sort of catch up. is this going to eventually balance out? are we going to...
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and we' telling washington, you are running a trillion deficit for a fourth year in a row. you can borrow money almost for nothing, why not wait another year or two, who wants to take the fall? who wants to take the politic heat if you can borrow money from 70 basis pois for 5 years, that is what they are doing now. neil: building another bubble? >> a debt bubble. neil: bursthen a depression. >> i don't know, we've never been there before, we never had a tral bank tha -- central bankt printed this much money. neil: you don't think it can walk back the graveya much longer. >> i don't tnk so. neil: okay, if you have a lead suit, you buy it. david stock man, ronald reagan budget director. makes you think, you know we don't off don't this, we don't go long with a lot of guests, some we make an extension for, mr. stock man is among them, either agree or disagree, he makes you think. >> thank you. neil: we have a lot more after this, including with the spark miles card from capital one, thor's couture gets the most rewards of any small business credit card. your boa! [ garth ] th
and we' telling washington, you are running a trillion deficit for a fourth year in a row. you can borrow money almost for nothing, why not wait another year or two, who wants to take the fall? who wants to take the politic heat if you can borrow money from 70 basis pois for 5 years, that is what they are doing now. neil: building another bubble? >> a debt bubble. neil: bursthen a depression. >> i don't know, we've never been there before, we never had a tral bank tha -- central...
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gerri: romney's court in that debate on issues that he really wanted to talk about, jobs and the deficit. my understanding is that you just looked at this today and found obama scored 20 on the deficit and romney scored 41. when the team to jobs, 24357. run the way out ahead. >> obama keeps saying, romney's test plan will go below this $5 trillion : the budget. the other line, i have this $4 trillion plan. there is no plan. i have to blame people in the media. they are correctly pressing romney to be more specific about his plans, but i don't think that the press has been even handed in asking barack obama about his plan. you keep saying have a $4 trillion plant. i have not seen it. >> here is another issue along those lines. the president has gone so negative year. calling romney a liar which is something you don't typically do. >> i live in virginia, so we are just saturated. everytime you turn of the tv. football game, fox news. one after another, and these guys almost all of the obama ads are-. and that -- and not so sure that works so well for an incumbent is to go after the opponen
gerri: romney's court in that debate on issues that he really wanted to talk about, jobs and the deficit. my understanding is that you just looked at this today and found obama scored 20 on the deficit and romney scored 41. when the team to jobs, 24357. run the way out ahead. >> obama keeps saying, romney's test plan will go below this $5 trillion : the budget. the other line, i have this $4 trillion plan. there is no plan. i have to blame people in the media. they are correctly pressing...
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work, it does not seem to work, and everyone knows the actual tax hikes will do almost nothing for the deficit. so it is just kind of catnip for the left. let's raise taxes on the rich. class warfare. i don't think it is a successful economic strategy, and i'm not sure it will or politically either. gerri: interesting days. that is for sure. you will have you back to talk more. when we come back to be searching for a deal, but prescription drugs online presents a all new sets of problems. we will explain. an age-old question resurfacing. can women have it all? are we dissing mother had? this is going to be a panel. you will love it. it will be a lot of fun. ♪ [ male announcer ] this is the age of knowing what you're made of. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erecti
work, it does not seem to work, and everyone knows the actual tax hikes will do almost nothing for the deficit. so it is just kind of catnip for the left. let's raise taxes on the rich. class warfare. i don't think it is a successful economic strategy, and i'm not sure it will or politically either. gerri: interesting days. that is for sure. you will have you back to talk more. when we come back to be searching for a deal, but prescription drugs online presents a all new sets of problems. we...
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Oct 14, 2012
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not raise the deficit and not reduce the share of taxes paid by the wealthy. the tax policy center which is an independent nonpartisan group has looked at the number and said those three things cannot be done at the same time, because if you cut taxes by 2 , 20%--so romney still has to explain how all of this would all add up without assuming an elevated level of economic growth which the congressional budget office does not do when they calculate a tax plan. so there's still that question on him and he has not fully answered it. and again, if the math is wrong, i think you need more specifics about what deductions he would remove to show that the math adds up with what he wants to do. >> this tuesday, the contenders square off, 7:00 p.m. eastern time is when our coverage begins and the debate will be moderated by cnn's candy crowley. >>> because of its questionable voter registration tactics in florida, here's cnn's joe johns. >> he's a veteran gop operative who just doesn't seem to go away. just a few weeks ago a wave of bad publicity hit -- disavowed by the
not raise the deficit and not reduce the share of taxes paid by the wealthy. the tax policy center which is an independent nonpartisan group has looked at the number and said those three things cannot be done at the same time, because if you cut taxes by 2 , 20%--so romney still has to explain how all of this would all add up without assuming an elevated level of economic growth which the congressional budget office does not do when they calculate a tax plan. so there's still that question on...
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governor romney says he will not increase the deficit with his tax cut, will not increase taxes on the middle class, so is he saying that if he cannot come up with enough loopholes and deductions, closing the deductions to pay for the tax cuts, which amount to about $5 trillion he will scale them back? >> what he has said, george, he is going to cut tax rates across the board by 20% and offset those cuts with eliminating deductions and loopholes for the upper income families. >> but there aren't enough deductions to pay for that. >> for the middle class families. you can pay for it. there are six studies that say you can do that. you can broaden the base and lower the rates. that would foster economic growth, and we've done that in the past. there's one study that says that you can -- that uses the word assume or assumption 68 times by liberal think tank and that's what gibbs and others point to. >> if it does turn out that the deductions do not make up for the cost of the tax cuts, does governor romney say he will scale back the tax cuts? >> what he has said is it's going to be -- he'
governor romney says he will not increase the deficit with his tax cut, will not increase taxes on the middle class, so is he saying that if he cannot come up with enough loopholes and deductions, closing the deductions to pay for the tax cuts, which amount to about $5 trillion he will scale them back? >> what he has said, george, he is going to cut tax rates across the board by 20% and offset those cuts with eliminating deductions and loopholes for the upper income families. >> but...
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why didn't we go forward with a plan to reduce the deficit. these guys have been in charge for four years and they don't have a lot to show for it. >> steven, that sounds like an invitation to get lost in the weeds to become the policy wonk that we know both of these two gentlemen are, and let's be honest this is about trying to convince a married woman somewhere in ohio to go republican or democrat versus the other way. how is that going to play? how are details going to play at all tonight? >> i think it's important to have details, just as we saw in the last debate. i think while you could easily get lost in the weeds, i think people came away with an impression as to what each side stood for. i would just say with respect to carly's comments it's not true that obama and biden do not have a budget. they have one. it's called the fiscal year 13 budget they put out that goes into excruciating detail, far more detail than romney and ryan has gone into as to how they would achieve substantial deficit reduction over the next ten years. the presi
why didn't we go forward with a plan to reduce the deficit. these guys have been in charge for four years and they don't have a lot to show for it. >> steven, that sounds like an invitation to get lost in the weeds to become the policy wonk that we know both of these two gentlemen are, and let's be honest this is about trying to convince a married woman somewhere in ohio to go republican or democrat versus the other way. how is that going to play? how are details going to play at all...
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you know, these deficits are struggling. lou: you are campaigning for governor romney in ohio. he will continue to do so. in ohio, when they have a 7.2% unemployment rate -- they are enjoying a far better recovery from the recession that nearly all of the country. what is the most persuasive message that you can take to the voters they are? >> well, i think in the state of utah, we are doing well in spite of what washington is doing. but it's not going to be too long. we are all going to bear the burdens that the president has put on us. we will feel the pain the president has put on us. we are doing well in spite of barack obama, nothing thinking is what happened in ohio. what we need to do is we need to get people on their feet and ready to go, get them fired up. it is obvious that during the debate, barack obama has no idea how to get the economy going. mitt romney definitely knows the country this country needs to take the one thank you for joining us, mia love. critics may have panned a new liam neeson movie. a break and $50 million in its debut, doubling the opening week.
you know, these deficits are struggling. lou: you are campaigning for governor romney in ohio. he will continue to do so. in ohio, when they have a 7.2% unemployment rate -- they are enjoying a far better recovery from the recession that nearly all of the country. what is the most persuasive message that you can take to the voters they are? >> well, i think in the state of utah, we are doing well in spite of what washington is doing. but it's not going to be too long. we are all going to...
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Oct 8, 2012
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biggest debt and deficits as a share of gdp facing the country since world war ii. this election will have particularly rofund consequences on text market next year. >> you're looking for a profound pull back in the s&p. we're talking 100 points. 1360 is where your target is. what's that predicated on? >> a lot is the election and earnings environment. if we take the election and set it aside for now the earnings environment is deteriorating more than investors are willing to cop to at this point. first, fourth quarter of this year, we're supposed to see a remarkable recovery in earnings which i think is highly unlikely considering the macro economic climate. then an earnings kbroet in 2014. so with this fiscal uncertainty, investors have gotten a little bit ahead of themselves in terms of optimism. >> your overstating the election's impact on what the stock market will do? we had jack vogel on at the top of the show that said the market will get it wrong. >> that's possible the market gets it wrong depending on the outcome of the election. clearly this is a very ti
biggest debt and deficits as a share of gdp facing the country since world war ii. this election will have particularly rofund consequences on text market next year. >> you're looking for a profound pull back in the s&p. we're talking 100 points. 1360 is where your target is. what's that predicated on? >> a lot is the election and earnings environment. if we take the election and set it aside for now the earnings environment is deteriorating more than investors are willing to...
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there is a constant deficit of what is known as the democratic deficit which is not the deficit we have we have economic deficits but we have these democratic deficit we felt that we can't behave as a union and we found to be caving messy union we can't solve the problems we have for example these debt problem these very large problem could be solved i wouldn't say easily but at least. one thing we could do could be for example to divide the countries that are cutting their budgets and countries that should increase their consumption for example germany well they don't want to do that because they feeling pleasure they're not even a part of a union they are behaving as a single separate country this is the problem we have got to and of course looking to the future generation new data from greece now shows that more than fifty four percent of young people are out of a job spain is not far behind are these countries losing a lost generation or you know what they just pick up sticks and go elsewhere. well of course and in fact many people eager spain are learning german it's become the saf
there is a constant deficit of what is known as the democratic deficit which is not the deficit we have we have economic deficits but we have these democratic deficit we felt that we can't behave as a union and we found to be caving messy union we can't solve the problems we have for example these debt problem these very large problem could be solved i wouldn't say easily but at least. one thing we could do could be for example to divide the countries that are cutting their budgets and...
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will miss its deficit targets this year for leader of the u.k. and dependents party says david cameron's policies are not bringing any meaningful change to the recession ravaged economy. you know when david cameron talks about a stare as he what he fails to tell you is that we continue every year to run a massive budget deficit and by the end of his five years as prime minister but nationally deaths in the u.k. will have increased by fifty percent so i think we'll have an entirely false debate david cameron is calling the british public into thinking that he's actually really cutting back at the levels of debt you know and it's not true i think that the david cameron and george osborne combination. together a coalition telling us they were going to deal with debt in this country they have absolutely failed to do so they haven't dealt with the deficit they haven't got growth coming back into the british economy a lot of the thing is a dramatic failure and unless things turn around that i think the conservative party is in for a really terrible res
will miss its deficit targets this year for leader of the u.k. and dependents party says david cameron's policies are not bringing any meaningful change to the recession ravaged economy. you know when david cameron talks about a stare as he what he fails to tell you is that we continue every year to run a massive budget deficit and by the end of his five years as prime minister but nationally deaths in the u.k. will have increased by fifty percent so i think we'll have an entirely false debate...
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Oct 9, 2012
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and remember in 2009, we had a 16% deficit, a debt of 10% of gdp. that was not a sustainable situation and climbing down from that was going to be painful, whatever way we chose to do it. >> great to see you. thanks so much indeed for joining us and explaining to us the situation. really good to talk to you. >> and stick around, because still to come, strike up the band. it's the parade of u.s. earnings reports. they start with alcoa's results. will investors be singing a happy tune? we'll preview what to expect. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, happy tune? by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. >>> investors are bracing for
and remember in 2009, we had a 16% deficit, a debt of 10% of gdp. that was not a sustainable situation and climbing down from that was going to be painful, whatever way we chose to do it. >> great to see you. thanks so much indeed for joining us and explaining to us the situation. really good to talk to you. >> and stick around, because still to come, strike up the band. it's the parade of u.s. earnings reports. they start with alcoa's results. will investors be singing a happy...
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how are they going to cult the stuff that really impacts the debt and our deficit? this is a growing problem that can't be fixed with a scalpal,
how are they going to cult the stuff that really impacts the debt and our deficit? this is a growing problem that can't be fixed with a scalpal,
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on a day in which the congressional budget office announced the 2012 budget deficit came in at $11 trillion for a fourth straight year, turns out our out of control spending includes roughly $450 million given every year to the corporation for public broadcasting, $8 million of that going to, that's right, sesame workshop and big bird. it appears easy to dismiss millions of dollars when the government faces trillion of dollars in debt. the left may be cute with a call to end funding for public broadcasting, but here's the homework the left should have done before they and president obama began their reflective aattacks. they are $388 million in assets now. in merchandise sales alone, it brought in $45 million, five times what it received in government grants. that little cute sesame workshop turns out to be a moneymaker producing hundreds of millions of dollars. we take all of that up tonight with former george bush senior adviser carl rove, and as well, the unemployment rate falling to 7.8%, employers adding just 114,000 jobs. we're talking about that, and, yes, big bird too with the congr
on a day in which the congressional budget office announced the 2012 budget deficit came in at $11 trillion for a fourth straight year, turns out our out of control spending includes roughly $450 million given every year to the corporation for public broadcasting, $8 million of that going to, that's right, sesame workshop and big bird. it appears easy to dismiss millions of dollars when the government faces trillion of dollars in debt. the left may be cute with a call to end funding for public...
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ryan had voted to put the iraq and afghanistan wars on the credit card helping to cause the deficit is actually right he was right about that he didn't bother say the democrats will report he tried to pose as a political conservative by same i want to leave afghanistan do it he'll save american taxpayers eight hundred billion dollars. if they had real cuts we could save on more than that is the simpson bowles commission had suggested right and of course treated as a political football by saying you know we want to make the american navy smaller than it was before world war one to witness is not what the way to peace only strength is the way to peace yet paul ryan channel seemed to be out front of military for rays hinting at so prolonged stay in afghanistan action against iran even see what do you make of that why yes. he's one of the ones who says that the only way to pieces by total world domination by total military power. and. at the same time is claiming that he's a fiscal conservative and is going to save the country from budget deficits it's a total lie. we are wasting vast amou
ryan had voted to put the iraq and afghanistan wars on the credit card helping to cause the deficit is actually right he was right about that he didn't bother say the democrats will report he tried to pose as a political conservative by same i want to leave afghanistan do it he'll save american taxpayers eight hundred billion dollars. if they had real cuts we could save on more than that is the simpson bowles commission had suggested right and of course treated as a political football by saying...
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so it creates a type of deficit disorder. so reading something, you're looking, clicking through, moving on, having five screens open at once. and finally, it is replacing real-life relationships and real-life communication skills. it reduces social intelligence and emotional intelligence, because you're just busy taking in information. >> but won't we adjust? i mean, humans adjust, as time progresses you will adjust to it. >> you will adjust to having more faulty real-life relationships, yes. >> i noticed people used to go to a coffee shop, or a bar, to hang out with people. now, people are chatting on line. is this a real thing? or are we just caught up in this addict society? or an addict nation? because everybody is addicted to something. >> you know it is a new substance to become addicted to. but people who are unable to self-regulate, and experience the withdrawals, it is a very real thing, don. >> so are there people who specialize in the behavior? >> anybody who experiences it can be treated, but look at your own fam
so it creates a type of deficit disorder. so reading something, you're looking, clicking through, moving on, having five screens open at once. and finally, it is replacing real-life relationships and real-life communication skills. it reduces social intelligence and emotional intelligence, because you're just busy taking in information. >> but won't we adjust? i mean, humans adjust, as time progresses you will adjust to it. >> you will adjust to having more faulty real-life...
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it's called the deficit. 1,100,000,000,000 bucks. what do you think that is? >> you can't solely tax your way out of it. raises taxes doesn't do a darn thing to change the demographics of a country. or the fact that health care is growing at a faster gdp. you also can't solely cut your way out of it without hurting the truly disadvantaged or without making such significant cuts in education and infrastructure, energy and research that we're not competitive in a knowledge-based global economy. >> i want to ask you, because a lot of this is predicated -- >> can i say one thing on that? >> yeah. >> even if it was a matter of economics you could live life on one extreme or the other. as a matter of political reality you can't. the country is divided on this. whoever wins the election i hope they realize that you have to bring the entire country with you. you have to do this in a bipartisan way. or else we're going to be a very volatile system as we go from one extreme to the other extreme as the parties trade tenures in office. whoever does this is going to have t
it's called the deficit. 1,100,000,000,000 bucks. what do you think that is? >> you can't solely tax your way out of it. raises taxes doesn't do a darn thing to change the demographics of a country. or the fact that health care is growing at a faster gdp. you also can't solely cut your way out of it without hurting the truly disadvantaged or without making such significant cuts in education and infrastructure, energy and research that we're not competitive in a knowledge-based global...
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to deal with debt in this country they have absolutely failed to do so they haven't dealt with the deficit they haven't got growth coming back into the british economy i don't think the thing is a dramatic video unless things turn around that i think the conservative party is in for a really terrible result in twenty fifty that the next general election september's a time in the u.s. consulate in benghazi libya which killed ambassador was an organized terror act not part of a mass protest. that was the bottom line of wednesday's congress hearing on the incident offices responsible for the safety of u.s. grounds in libya testified security had severely decayed since the ousting of moammar gadhafi and retired cia officer ray mcgovern says the congressman i was trying to school points instead of getting to the root of the problem i feel a sense of political carnival this is represented trying to make political points now they're trying to get hillary clinton for a lack of understanding about security. that's where they should try to. get every clue because the words she and others in libya th
to deal with debt in this country they have absolutely failed to do so they haven't dealt with the deficit they haven't got growth coming back into the british economy i don't think the thing is a dramatic video unless things turn around that i think the conservative party is in for a really terrible result in twenty fifty that the next general election september's a time in the u.s. consulate in benghazi libya which killed ambassador was an organized terror act not part of a mass protest. that...
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doesn't have a majority in flanders and that's of course is a big problem it's a problem of democratic deficit and this means this government doesn't have a real democratic legitimacy in flanders voted for come something completely different that we are getting now with this federal government and funders is an economic economically socially well powerful prosperous region we have we are already if we have a flemish nation we have a french people you have to know that belgium is an artificial country it's really two separate countries already within belgium we see a completely different political consensus on the federation on the world will lose side. flanders would be perfectly able to have to have an independent state and be a member of the you know european union. turkey has now closed there is a space a syrian civilian flights echoing a similar move by damascus that's after turkey intercepted a syrian passenger plane last to wayne state claiming it was a carrying russian made munitions for government forces moscow says the cargo was only electronic equipment for radio stations and all of
doesn't have a majority in flanders and that's of course is a big problem it's a problem of democratic deficit and this means this government doesn't have a real democratic legitimacy in flanders voted for come something completely different that we are getting now with this federal government and funders is an economic economically socially well powerful prosperous region we have we are already if we have a flemish nation we have a french people you have to know that belgium is an artificial...
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balance is we have to get romney to bigger deficits. they do not take them and they just received really must get the point across about how it affects him. we love hearing from you. send me an e-mail and gerri@foxbussiness.com. finally, helping the homeless. it has been a growing problem for decades. the big apple has more than 46,000 homeless people in the city, 14% of the nation's homeless population. for some context, l.a. is second with just 3%. as a result, michael bloomberg has opened 10 new homeless shelters in recent months. chelsea and greenpoint. all of you non-new yorkers out there, residents are fuming, saying that these areas are now unsafe and dirty. bloomberg says it's the nature. with unemployment so high, these people need to go somewhere, but i do find it curious within the neighborhood that i mentioned so far, could it be because that is where mr. bloomberg lives? that is my "two cents more". coming up tomorrow, as vice president joe bide
balance is we have to get romney to bigger deficits. they do not take them and they just received really must get the point across about how it affects him. we love hearing from you. send me an e-mail and gerri@foxbussiness.com. finally, helping the homeless. it has been a growing problem for decades. the big apple has more than 46,000 homeless people in the city, 14% of the nation's homeless population. for some context, l.a. is second with just 3%. as a result, michael bloomberg has opened 10...
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they have the same rates that is deficit neutral. different way demonstrated by martin feldstein at harvard got rid of deductions of higher income americans and he pointed out you can do that without burdening the middle class. harvey rosen of princeton university broaded base and depend on economic growth. again you don't have to burden the middle class. there are variety of demonstrations basic principle low rates and broad bases are better tax policy and will raise money necessary for the federal government. lori: one last question. >> sure. lori: who will win this presidential election? >> i think that governor romney is going to win but i will tell you it is very, very close. it will be very close to the end. this is not an election i see swinging in a strong way one way or the other, close to the finish line. it will be a tough battle. lori: douglas holtz-eakin. thank you so much. >> thank you. ashley: going to be interesting you know. obviously joe biden, vice president, came out swinging last night. was verying a grist sieve.
they have the same rates that is deficit neutral. different way demonstrated by martin feldstein at harvard got rid of deductions of higher income americans and he pointed out you can do that without burdening the middle class. harvey rosen of princeton university broaded base and depend on economic growth. again you don't have to burden the middle class. there are variety of demonstrations basic principle low rates and broad bases are better tax policy and will raise money necessary for the...
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ryan had voted to put iraq and afghanistan wars on the credit card because the deficit is actually right he was right about that he didn't bother to say the democrats were. right and of course he's the one of the ones who says that the only way to pieces by total world domination by total military power it's time for them to quit whining start with the american voters with the world and if you have minutes with the use peace prize drowned out by protests one m.e.p. explains what he thinks is wrong with a system. wealthy british style it's time to rise. markets find scandal find out what's really happening to the global economy for a no holds barred look at the global financial headlines to name two kinds of reports on our. morning news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. china corporations are today. even in the autumn of the errors. is never too late to start over. triage stream paragliding. when a bar or a listing championship. or become a party. old then. i'm in sochi been only a city in europe i'm the host
ryan had voted to put iraq and afghanistan wars on the credit card because the deficit is actually right he was right about that he didn't bother to say the democrats were. right and of course he's the one of the ones who says that the only way to pieces by total world domination by total military power it's time for them to quit whining start with the american voters with the world and if you have minutes with the use peace prize drowned out by protests one m.e.p. explains what he thinks is...
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no team has ever come back from an 0-2 deficit by winning three game on the road. the giants have a chance to do it tonight. the reds still have not won a play-off game, a home play-off game in 17 years. nats hosting the cardinals in game three. second inning, cardinals up one. edwin jackson for a three run home run. cardinals win 8-0. st. louis leads that series 2-1. they can put the nats away today. all eight teams on the field. giants and reds play game five at 1:00 eastern time today. followed by the nats and cards at 4:00. yankees and close it out against the os and tigers and as all or nothing for those two teams in oakland tonight. >>> well in cycling, the legacy of lance armstrong took another substantial hit yesterday. the u.s. anti-doping agency released 1,000 pages of what it called overwhelming evidence against armstrong and his former cycling team regarding doping charges. 11 of armstrong's former teammates testified against him claiming armstrong not only participated himself in doping but demanded his teammates follow his lead or leave the team. ceo
no team has ever come back from an 0-2 deficit by winning three game on the road. the giants have a chance to do it tonight. the reds still have not won a play-off game, a home play-off game in 17 years. nats hosting the cardinals in game three. second inning, cardinals up one. edwin jackson for a three run home run. cardinals win 8-0. st. louis leads that series 2-1. they can put the nats away today. all eight teams on the field. giants and reds play game five at 1:00 eastern time today....
WHUT (Howard University Television)
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Oct 10, 2012
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there's been a passage about deficit-reduction and he said the labor party just wants to keep borrowing. he says if you look at the two sides of the world there's china which is much more lean and has proper education and infrastructure. if you look at the west, he says you've got overregulated, welfare system, there's too much fat. i think he's trying to urge the british people to realize they need to change or they will join the slide. >> thanks very much for that. as the conflict continues in syria, activists estimate the death toll is 32,000 and there is a staggering damage to the country's infrastructure, the economy, and culture. a region in western syria along the mediterranean remains largely untouched by the violence. the ancestral home of president assad's family and his minority alawite people. >> another day dawns along the mediterranean. ease in manyd parts of syria anymore. the only fighting is between friends on jet skis on this part of the coast. i arranged to meet a group of him students at a popular cafe. they come from the many ethnic and religious groups. they coexis
there's been a passage about deficit-reduction and he said the labor party just wants to keep borrowing. he says if you look at the two sides of the world there's china which is much more lean and has proper education and infrastructure. if you look at the west, he says you've got overregulated, welfare system, there's too much fat. i think he's trying to urge the british people to realize they need to change or they will join the slide. >> thanks very much for that. as the conflict...
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of austerity this according to cameron is the only way for the united kingdom to reduce its budget deficit by twenty fifteen the prime minister's conservative led coalition has however rejected the idea of an imposing new taxes on the wealthy and called for more cuts and welfare spending cameron has also slammed the e.u. threatening to veto its new budget he has instead proposed to introduce two different budgets for the twenty seven nations bloc one for eurozone states and one for countries with their own currencies george editor of the staggers blog at the new statesman magazine says that this measure what undermined the position of britain in the e.u. . and that's why you need to that being members but i can't see. your. main. box agreements here. was the division between the you or is there not between. members. can actually isolate. seats at the top table and that's something that british go. bankrupt so do you have to avoid decades the. mean one of two g. twenty countries obsession is it silly and if i asked the u.k. economy actually starts to shrink problems. ground floor is the fac
of austerity this according to cameron is the only way for the united kingdom to reduce its budget deficit by twenty fifteen the prime minister's conservative led coalition has however rejected the idea of an imposing new taxes on the wealthy and called for more cuts and welfare spending cameron has also slammed the e.u. threatening to veto its new budget he has instead proposed to introduce two different budgets for the twenty seven nations bloc one for eurozone states and one for countries...